Acryl Data, a Mountain View, CA-based company driving the DataHub Project, an open-source data catalog, announced that it has secured $21 million in Series A funding.
The round was led by Bhaskar Ghosh, Partner at 8VC, with participation from Ram Shriram, Founder, of Sherpalo Ventures, and Guillermo Rauch, Founder and CEO of Vercel.
The funds will be used to deepen investments in customer success, accelerate the development of its cloud offering and extend the vision of its product towards a control plane for data.
Acryl product Acryl Cloud is a robust data management platform designed for enterprise use. It harnesses the power of the open-source DataHub Project, which is spearheaded by the Acryl team and supported by a community of over 7,500 data professionals.
Additionally, Acryl also announced Acryl Observe – a new fully-integrated observability module designed to increase trust in an organization’s most important data assets and enhance data quality management.
“I would like to thank our team, our customers and the DataHub community, all of whom have been critical in the evolution of Acryl Data,” said CEO Swaroop Jagadish.“I am very excited about the innovations we have brought to market so far and enthusiastic about the road that lies ahead for Acryl as we work to deliver modern data management to the enterprise.”
Company: Acryl Data, Inc.
Raised: $21.0M
Round: Series A
Funding Month: June 2023
Lead Investors: Bhaskar Ghosh
Additional Investors: Ram Shriram, Sherpalo Ventures, and Guillermo Rauch
Company Website: https://www.acryldata.io/
Software Category: Metadata Management Platform
About the Company: Founded in 2021 by Swaroop Jagadish and Shirshanka Das, Acryl Data provides a developer-friendly modern data catalog built on a next-generation Metadata Platform to bring clarity to data in all enterprises. Acryl Data’s vision is to empower data teams with extreme productivity using trusted, compliant data through a next-generation metadata platform. They believe that data-driven organizations need a reimagined developer-friendly data catalog to tackle the diversity and scale of the modern data stack.
Source: https://www.businesswire.com/news/home/20230622546472/en/Acryl-Data-Secures-21M-Series-A-to-Accelerate-the-Future-of-Data-Management-Adding-Data-Observability-and-an-Open-Control-Plane-for-Data